The FSB monitors and assesses vulnerabilities affecting the global financial system and proposes actions needed to address them. In addition, it monitors and advises on market and systemic developments, and their implications for regulatory policy.

The FSB publishes proposals, plans and timelines for the reform and strengthening of existing major interest rate benchmarks (such as LIBOR, EURIBOR and TIBOR) and for additional work on the development and introduction of alternative benchmarks.